North Union Farmers Market

Analysis

North Union Farmers Market is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Union Farmers Market reported income of $439k and spending of $479k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $455k to $439k (-3.6%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Union Farmers Market sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Crown Community Development Corporation Inc ($438k), Nahant Preservation Trust Inc ($439k) and National Skilled Trades Network ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $88k (18% of expenses). Other salaries and wages came to $180k. At year end it held assets of $193k against liabilities of $23k, net assets of $170k. It reported 7 employees.